WTI Price Analysis: Bears eye a break of $75.70 for the sessions ahead – by fx_ross Oil Technical Analysis Commodities
Bulls met key resistance and continue to struggle towards the closing sessions for the week. On the lower time frames, it was explained that a break of resistance opened the risk of a move into test $77.50 for the days ahead. The price has met $77.74 but has since been rejected as follows: The price is in a bearish cycle, so the focus is on the downside but despite breaking the micro trendline, the structure at $75.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WTI Price Analysis: Bulls attempt to take on the daily trendline resistanceWest Texas Intermediate WTI crude oil rallied on Tuesday due to restrictions on the flow of the black gold between Canadian and the United States as e
Leer más »
WTI Price Analysis: Three white soldiers confirm a bullish reversalWest Texas Intermediate (WTI), futures on NYMEX, have turned sideways around $76.70 after failing to sustain above the critical resistance of $77.50 o
Leer más »
EUR/USD Price Analysis: Bears move in and eye a break of 1.0600As illustrated in the prior analysis, the price has moved into the target area, leaving a W-formation in its tracks. This is a reversion pattern where
Leer más »
USD/CAD Price Analysis: Bears eye a break of bull cycle trendlineAs per the prior analysis, USD/CAD Price Analysis: Bears on the prowl at key resistance, USD/CAD is chipping away at the trendline support while being
Leer más »
USD/CAD Price Analysis: Bears on the prowl at key resistanceUSD/CAD is holding its own on the Asian day following a day of intense selling on the back of the US Consumer Price Index outcome that has shifted gea
Leer más »
USD/JPY Price Analysis: Bears keep the reins around mid-135.00s amid pre-Fed cautionUSD/JPY Price Analysis: Bears keep the reins around mid-135.00s amid pre-Fed caution – by anilpanchal7 USDJPY Technical Analysis SwingTrading ChartPatterns SupportResistance
Leer más »